Quick Summary
Strike Off is a simpler alternative to winding up for inactive companies.
ROC can strike off companies that are not carrying on business, not filing returns, or on application by the company. The process involves public notice and allows for restoration within 20 years if wrongly struck off.
Key Points
- For defunct companies
- Simpler than winding up
- ROC initiative or voluntary
- Public notice required
- Can be restored within 20 years